Pest control products and services help minimize the harm caused by various household and commercial pests such as rodents, termites, bed bugs, cockroaches, flies, mosquitoes and more. These pests can damage properties and spread diseases. The pest control industry offers a variety of products and services including chemicals, baits and traps to control these pests. It also provides regular inspection and treatment services to both residential and commercial clients. The Global Pest Control Products and Services Market plays a vital role in ensuring public health and hygiene.

The Global Pest Control Products and Services Market is estimated to be valued at US$ 23.78 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Rising pest infestation issues owing to factors such as booming urbanization, increasing food storage and transit activities have been fueling the demand for pest control products and services globally. According to estimates by WHO, malaria caused by mosquitoes results in over 200 million cases and 400,000 deaths each year. Such rising disease incidences have prompted awareness and regulatory emphasis on effective pest and vector control measures. Furthermore, growing customer awareness about health, hygiene and well-being has been driving the uptake of professional preventive pest control services among households. Continued infrastructure development and increasing food production are expected to further propel market growth over the forecast period.

SWOT Analysis

Strength: Pest control products and services help protect public health and property from damage caused by pests such as rodents and insects. Technological advancements have led to the development of eco-friendly and non-toxic pest control methods and products. There is a rise in awareness about pest control and management among both residential and commercial clients.

Weakness: Some pest control methods and products can harm the environment if not used responsibly. Natural and organic products tend to be more expensive than synthetic options. It is a competitive industry with presence of many local and regional players.

Opportunity: Growth in urbanization and changing lifestyles has increased the risk of pest infestations, driving the need for regular pest control services. The market is witnessing demand for integrated pest management strategies. There is potential to expand in developing regions of Asia Pacific and Latin America. Adoption of digital solutions and IoT provides opportunities to improve customer services.

Threats: Strict regulations regarding use of chemicals may restrict the use of certain pest control products. Environmental concerns can lead to bans on hazardous substances. Economic slowdowns can impact spending on commercial pest control. Competition from alternate chemical-free methods threatens market share of leading players.

Key Takeaways

Global Pest Control Products And Services Market Demand is expected to witness high growth over the forecast period from 2023 to 2030. The market size is projected to reach US$ 35.12 Bn by 2030 expanding at a CAGR of 6.1%.

Regional analysis: The North America region currently dominates the market, accounting for over 30% share due to widespread awareness and proactive pest control practices. Asia Pacific is expected to emerge as the fastest growing regional market supported by rising incomes, rapid urbanization and increasing construction activities in major countries like India and China. Growth in Asia Pacific will be further driven by demand from agriculture and public health sectors.

Key players: Key players operating in the pest control products and services market are Ecolab Inc., Rollins Inc., Rentokil Initial Plc., ServiceMaster Company, LLC, Massey Services Inc., Arrow Exterminators Inc., Sanix Incorporated, Asante Inc., Dodson Pest Control, Inc., Target Specialty Products, Pelsis Ltd., Killgerm Ltd., WinField Solutions, LLC, and Univer Inc. Ecolab, Rollins, and Rentokil Initial are some of the leading global players with strong presence across regions through their extensive service networks and wide product portfolios. The market is expected to witness increasing collaboration between large players and regional or local firms to tap into diverse geographies and customer segments. Players are investing in digital technologies to enhance customer experience and maximize operational efficiency. 

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